3
October 2024
SUPERMARKET INCOME REIT
PLC
(the
"Company")
DIVIDEND
DECLARATION
Supermarket Income REIT
plc (LSE: SUPR), the real estate investment trust with secure,
inflation-linked, long-dated income from grocery property, has
today declared an interim dividend in respect of the period from 1
July 2024 to 30 September 2024 of 1.53 pence per ordinary share
(the "First Quarterly Dividend").
The First Quarterly Dividend will be
paid on or around 15 November 2024 as a
Property Income Distribution ("PID") in respect of
the Company's tax-exempt property rental business to shareholders
on the register as of 11 October 2024. The ex-dividend date will be
10 October 2024.
As the Company's ordinary shares are
currently trading at a discount to the published EPRA Net Tangible
Assets per share, the board of directors of the Company (the
"Board") believes that it is not in the best interests of
shareholders to offer the scrip dividend alternative, under which
shareholders would have been able to elect to receive new ordinary
shares in lieu of the cash dividend (the "Scrip Dividend
Alternative"). The Board has therefore exercised its discretion to
suspend the Scrip Dividend Alternative in respect of the First
Quarterly Dividend.
All shareholders who are entitled to
receive the First Quarterly Dividend will therefore receive it in
cash.
The Board will keep under
consideration the offer of a scrip dividend alternative in respect
of future quarterly dividends.
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FOR
FURTHER INFORMATION
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Atrato Capital Limited
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+44 (0)20 3790
8087
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Rob Abraham / Mike Perkins /
Chris McMahon
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ir@atratocapital.com
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Stifel Nicolaus Europe Limited
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+44 (0)20 7710
7600
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Mark Young / Rajpal Padam / Madison
Kominski
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Goldman Sachs International
Tom Hartley / Hannah
Mackey
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+44 (0)20 7774 1000
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FTI
Consulting
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+44 (0)20 3727
1000
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Dido Laurimore / Eve Kirmatzis /
Andrew
Davis
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SupermarketIncomeREIT@fticonsulting.com
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NOTES TO EDITORS:
Supermarket Income REIT
plc (LSE: SUPR) is a real estate investment trust
dedicated to investing in grocery properties which are an essential
part of the feed the nation infrastructure. The Company focuses on
grocery stores which are omnichannel, fulfilling online and
in-person sales. The Company's supermarkets are let to leading
supermarket operators in the UK and Europe, diversified by both
tenant and geography.
The Company's assets earn
long-dated, secure, inflation-linked, growing income. The Company
targets a progressive dividend and the potential for capital
appreciation over the longer term.
The Company is listed on the
Closed-ended investment funds category of the FCA's Official List
and its Ordinary Shares are traded on the LSE's Main
Market.
Atrato Capital Limited is the
Company's Investment Adviser.
Further information is available on
the Company's website www.supermarketincomereit.com
LEI:
2138007FOINJKAM7L537
Stifel Nicolaus Europe Limited,
which is authorised and regulated in the United Kingdom by the
Financial Conduct Authority, is acting exclusively for Supermarket
Income REIT plc and no one else in connection with this
announcement and will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Stifel
Nicolaus Europe Limited nor for providing advice in connection with
the matters referred to in this announcement.
Goldman Sachs International, which
is authorised by the Prudential Regulation Authority and regulated
by the Financial Conduct Authority and the Prudential Regulation
Authority in the United Kingdom, is acting exclusively for
Supermarket Income REIT plc and no one else in connection with this
announcement and will not be responsible to anyone other than the
Company for providing the protections afforded to clients of
Goldman Sachs International nor for providing advice in connection
with the matters referred to in this announcement.